Fed Chairman Ben Bernanke says the prospects for a near term recovery for the U.S. economy looks good and world markets soar in overseas trading. The futures markets currently indicate the U.S. will follow the bullish tone set in Friday’s trading and open higher as well.
While I continue to have my doubts about the markets [...]
The highly successful “cash for clunkers” has officially ended. In my opinion this was the only program of all the bailouts that actually helped the average consumer. The immediate impact on the markets is undeniable with the DOW seeing a nice rise to close the week above the 9500 level.
This auto buying frenzy by the [...]
Today, the SEC is trying to finish the deal, requesting comment on one of the more practical previous proposals — the so-called “tick-test.”
New York Times: The proposal would require that short sales be made only at a price higher than the current best price being offered by would-be buyers of the stock. It is similar [...]
The futures are indicting the U.S. markets will follow the lead of foreign markets higher after losing nearly 200 points on Monday. Will it hold up today?
Don’t bet on it. I believe the bears are still in control of the markets and the fact that bulls were unable to make any rally yesterday heading [...]
Last Friday we saw the futures up strong across the board before the trading began. In fact the DOW was up over 100 points for most of the time yet the market managed only a 39 point rise. To me that indicated the markets were set to fall. We blogged about this in our weekend [...]
The markets did not handle the nice rise in the futures on Friday although they did manage to close the day up 39 points. In my opinion that weak close could signal the bears are still in control of this market and the “cash for clunkers” has now been priced into the markets move.
I look [...]
The futures are currently up very strong this AM. In fact the DOW futures are up over 100 points indicating a very strong open. Wal-Mart reported very good numbers and the retail report is expected shortly. So of course I am very interested in how the markets close today.
As I have stated in many previous [...]
It does appear the economy is trying to recover to some extent. Yet as I have blogged in recent weeks I do not see any real data that suggest the markets should be closing in on DOW 10,000 again.
As the foreclosure news indicates the recession is far from over. There are many tough times ahead [...]
Regular readers of this site already know that 2oversold.com has been in the Bear Camp since Nov 08 and originally had a DOW 6500 projection long before the DOW crashed. Of course that projection turned out to be true when the DOW traded below that level in March, 2009. At the time based [...]
Northgate Minerals reported 2nd qtr earnings today and while they missed the street estimate of .05 I thought the quarter was a very good one and think that many investors wanting exposure to the gold mining sector may want to watch this one close for any overdone selling.
Northgate Minerals (NXG) reported operating cash flow of [...]